European equities markets saw gains to end the week Friday. The FTSE 100 added 1.18 percent to 4,438.56 while the FTSE 250 gained 1.14 percent to 7,747.33. Miner Rio Tinto added 10.33 percent to make it the session’s best performer on the 100, while Vedanta Resources (LSE: VED) was up 9.31 percent, Eurasian Natural Resources [...]
Equities markets were mixed in Europe Thursday, on a day that both the Bank of England and the European Central Bank held interest rates steady, at 0.5 percent and 1 percent respectively. In London, the FTSE 100 was up 0.08 percent to 4,386.04 but the FTSE 250 dropped 0.37 percent to 7,660.07. Gains came in [...]
European equities markets were lower Wednesday on bad economic news out of the United States as the Institute for Supply Management reported that new factory orders were down in April by more than anticipated and after ADP Employer Services said that the US private sector lost 532,000 jobs in May. The FTSE 100 was down [...]
European equities markets were higher Monday, with most banks and the commodities sector higher on hopes that the economy is headed for recovery while carmakers gained on investor relief that General Motors (NYSE: GM) finally filed for bankruptcy after months of rumor and speculation. In London, the FTSE 100 added 2 percent to 4,506.58 while [...]
European equities markets saw gains Wednesday. In London, the FTSE 100 added 0.1 percent to 4,416.23 while the FTSE 250 was up 0.77 percent to 7,588.05. Most retailers were higher, with supermarkets among the winners as Wm. Morrison (LSE: MRW) added 1.53 percent, J. Sainsbury (LSE: SBRY) was up 1.65 percent and Tesco (LSE: TSCO) [...]
Most European equities markets were higher Tuesday, but London markets were mixed as the FTSE 100 added 1.06 percent to 4,411.72 but the FTSE 250 dropped 0.15 percent to 7,530.02. Miners led both the 100 and 250, with Eurasian Natural Resources (LSE: ENRC) up 6.79 percent on the 100 while Hochschild Mining (LSE: HOC) led [...]
European markets saw gains Monday as banks were higher, while in a mixed Asia-Pacific Region India’s Sensex added over 17 percent on election results. In London, the FSTE 100 was up 2.26 percent to 4,446.45 while the FTSE 250 gained 1.39 percent to 7,576.63. Lloyds Banking Group (LSE: LLOY) led the 100 and the banking [...]
European equities markets closed lower Wednesday after news from the US Commerce Department that retail sales in the United States were lower in April, leading many to the conclusion that the economy is not prepared to recover from the recession just yet. In London, the FTSE 100 fell 2.13 percent to 4,331.37 while the FTSE [...]
European equities markets were mostly lower Tuesday as banks saw declines in London and elsewhere after Credit Suisse (SWX: CSGN; NYSE: CS) issued a warning on UK banks. London’s markets were mixed as the FTSE 250 added 0.18 percent to 7,623.92 but the FTSE 100 dropped 0.22 percent to 4,425.54. Miners were mixed as Lonmin [...]
European equities markets saw gains Wednesday although banks were mixed in the region. The FTSE 100 was up 1.37 percent to 4,396.49 in London, while the FTSE 250 added 0.44 percent to 7,871.2. Banks were mixed in London with Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) and Royal Bank of Scotland (LSE: RBS; NYSE: [...]
With many equities markets closed for the May Day holiday, trade was slow Friday. Markets were open in London, where the FTSE 100 fell 0.01 percent to 4,243.22 but the FTSE 250 added 0.56 percent to 7,571.33. Kazakhmys (LSE: KAZ) led the 100 with a gain of 10.28 percent while elsewhere in the mining sector [...]
European equities markets saw gains Thursday. The FTSE 100 added 1.29 percent to 4,243.71 and FTSE 250 gained 2.15 percent to 7,516.13 in London. Retailer DSG International (LSE: DSGI) led its sector higher as it turned in the best performance on the 250 with a gain of 14.67 percent, but music retailer HMV Group (LSE: [...]
Equities markets in Europe were higher Wednesday as banks gained on a better-than-expected quarterly report from a Spanish bank. The FTSE 100 added 2.27 percent to 4,189.59 in London, while the FTSE 250 was up 2.68 percent to 7,346.69. Banks led winners on the 100 as Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) [...]
European equities markets end the session in negative territory Tuesday on declines for miners as metals prices fell, as banks were lower on reports that US bank regulators have told Citigroup (NYSE: C) and Bank of America (NYSE: BAC) that they need to raise more cash., and on persistent worries about how the swine flu [...]
European and Asia-Pacific region equities markets were mixed Monday as the pharmaceuticals sector saw gains as a swine flu outbreak that began in Mexico spread to other areas of the globe. In the UK, GlaxoSmithKline (LSE: GSK; NYSE: GSK) added 5.67 percent to lead the FTSE 100 while AstraZeneca (LSE: AZN; NYSE: AZN) was up [...]
The majority of European equities markets were lower Thursday. In London, the FTSE 100 was 0.31 percent lower to 4,018.23 although the FTSE 250 managed to gain 0.3 percent to 7,181.53 on the session. The retail sector saw gains after Debenhams (LSE: DEB) led the 250 and the sector with a gain of 21.65 percent [...]
European equities markets saw gains Wednesday as banks and miners saw gains. The FTSE 100 added 1.08 percent to 4,030.66 in London, while the FTSE 250 was up 2.47 percent to 7,159.96. Most UK retailers saw gains, led on the 250 by auto retailer Inchcape (LSE: INCH), which added 19.67 percent for the best performance [...]
European equities markets were mixed Tuesday, with London markets lower as banks declined after Bank of New York Mellon (NYSE: BK) produced a disappointing quarterly report and cut its dividend. In London, the FTSE 100 was down 0.09 percent to 3,987.46 while the FTSE 250 dropped 0.42 percent to 6,987.25. The declines came despite gains [...]
European equities markets were substantially lower Monday after banks declined on a report from US bank Bank of America (NYSE: BAC), which said that quarterly profit was up as a result of its acquisition of Merrill Lynch, but that it also had a large increase in its number of troubled loans. The FTSE 100 dropped [...]
Equities markets in Europe saw gains Friday, helped by gains in the banking sector after US bank Citigroup (NYSE: C) said that it only lost 18 cents per share in the first quarter, a better performance than analysts had anticipated. In London, the FTSE 100 added 0.98 percent to 4,092.8 while the FTSE 250 gained [...]
Phone fraudsters stealing bank card pins
Fraudsters using a phone scam to trick bank card holders into revealing their pin numbers stole £750,000 in the first four months of this year. This is the same amount stolen through this scam in the whole of last year. The fraudster telephones a bank customer, often someone elderly or vulnerable, telling them that their [...]
FSA rules out ban on interest-only mortgages
Speculation that the Financial Services Authority would ban interest-only mortgages as part of its Mortgage Market Review has proved to be unfounded. However, lenders will be required to monitor the performance of the investment product taken out by the customer to repay the mortgage at the end of its term. Investments are performing poorly because [...]
Bank of England may end free in-credit banking
A director of the Bank of England has warned that official intervention could be considered to end the ‘dangerous myth of free in-credit banking’. Andrew Bailey has already spoken out against free banking in relation to the mis-selling of financial products. In a speech made available to media, he reiterated his concern, saying that it [...]
Bank of England votes against more economic stimulus
The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank’s quantitative easing programme steady at £325bn. The minutes [...]
Catalogue debt growing says helpline
Calls from people concerned about their debts with mail order catalogues accounted for more than 12 per cent of all calls received by National Debtline last year, compared with just 8 per cent in 2007. More people were concerned about catalogue debt than about payday loans, mortgage or rent, according to the Money Advice Trust [...]
Homeserve faces mis-selling investigation
HomeServe, which provides emergency insurance cover and domestic repairs to households in the UK, is to be investigated by the Financial Services Authority (FSA). Issues over the possible mis-selling of household emergency policies were uncovered last October during an internal review at the Walsall-based company. Homeserve’s call centre staff were found to be selling ‘Complete [...]
OFT warns Wonga over debt collection methods
Payday loan company Wonga used aggressive and misleading methods to collect debts from customers, the Office of Fair Trading (OFT) has found. Wonga sent letter and emails to certain customers suggesting they had committed fraud and threatening to report them to the police if they did not act in the way Wonga suggested. The company [...]
NS&I re-launches investment account
National Savings & Investments (NS&I) has re-launched its Investment Account at a higher interest rate than it previously offered. The account now offers 0.75 per cent before tax, compared with between 0.2 and 0.3 per cent previously, depending on the account balance. Deposits and withdrawals on the account can no longer be made at Post [...]
Rightmove reports property downsizing trend
Two in five property owners planning to sell in the next year are planning to ‘trade down’, compared with one in four who plan to ‘trade up’. A survey by property website Rightmove found that moving to a smaller home is the main reason for moving in nine out of the ten regions in the [...]
More people failing to save for retirement
The proportion of people with no pension savings has grown from 20 per cent to 22 per cent over the past year, according to Scottish Widows’ latest survey. The pension provider surveyed 5,200 adults in the UK, aged 30 or over, and earning at least £10,000 a year, for its annual review of pensions. Ian [...]
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